Thoughts on investing out of town
My wife and I currently live in Orlando and absolutely hate it. We both have jobs that will allow us to relocate anywhere in the Southeast.
The areas we really love is the Nokomis, Venice, and Englewood area of Florida. The only problem is, anytime we find a good deal it has 50 showings and 10 offers on the first day. I've never seen the market this on fire!
How would you guys go about purchasing a house in this market if we can't drive over and look at every property on such short notice? We refuse to rent anymore, we just want to get started.
One option we kicked around was just start throwing down blind offers on houses site unseen that is contingent on an interior inspection on our end.
Another option we thought about was simply purchasing a house that is decent, not a killer deal, and then just telling ourselves it is just a way to get started. We would then move out, make that one a rental and be in a much better position to find a better deal next time.
What would you all do? All feedback is appreciated!!